Parents save money for their children's non-compulsory education and deposit it in stages. Debt service and interest at maturity are exempt from tax, and interest income tax on savings deposits is exempt.

Interest rate concessions: one-year and three-year education savings will bear interest according to the interest rate of fixed savings deposits of the same grade in the same period on the account opening date; The six-year term shall bear interest at the five-year lump-sum deposit rate on the account opening date.

Total amount control: the initial deposit amount of education savings is 50 yuan, and the maximum principal amount is 20,000 yuan.

For depositors only: students above grade four (including grade four) in primary school.

Flexible deposit term: education savings are fixed deposits with zero deposit and lump sum withdrawal. The term of deposit is divided into one year, three years and six years. Full withdrawal must be made when withdrawing in advance.